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An announcement from Verano Holdings ( (TSE:VRNO) ) is now available.
Verano Holdings has announced an exclusive partnership with Raw Garden, a prominent California cannabis operator, to introduce Raw Garden’s products in New Jersey. This collaboration will see the launch of Raw Garden’s Live Resin Terpene Cartridges and All-in-One Vapes at Verano’s Zen Leaf dispensaries and other retailers in New Jersey starting November 11. The partnership aims to bring popular West Coast cannabis products to the East Coast, enhancing Verano’s product portfolio and market presence in New Jersey, while marking Raw Garden’s first expansion outside California.
The most recent analyst rating on (TSE:VRNO) stock is a Buy with a C$5.00 price target. To see the full list of analyst forecasts on Verano Holdings stock, see the TSE:VRNO Stock Forecast page.
Spark’s Take on TSE:VRNO Stock
According to Spark, TipRanks’ AI Analyst, TSE:VRNO is a Neutral.
Verano Holdings’ overall stock score reflects significant financial challenges, including declining revenues and profitability issues. The technical analysis indicates potential risks due to volatility and overbought conditions. While there are some positive developments in retail growth and cost management, these are overshadowed by ongoing market pressures and financial instability.
To see Spark’s full report on TSE:VRNO stock, click here.
More about Verano Holdings
Verano Holdings Corp. is a leading multi-state cannabis company in the U.S., known for its historical revenue, geographic scope, and brand performance. The company operates under various dispensary banners such as Zen Leaf and MÜV, offering a wide range of high-quality cannabis products. Verano is vertically integrated and operates in 13 states with 15 production facilities, focusing on both medical and adult-use markets.
Technical Sentiment Signal: Sell
Current Market Cap: C$2.17B
See more insights into VRNO stock on TipRanks’ Stock Analysis page.